东山精密是苹果iPhone电路板供应商。二季度以来，摩根大通证券、国信证券、招商证券等机构调研东 山精密。在接受机构调研时，东山精密表示，电子电路板块是公司核心业务，公司将充分把握AI创新 周期带来的机遇，重点巩固高端软板及高频高速高密度硬板领域的技术优势，进一步提升行业领先地 位。 长城证券研报称，在FPC（柔性印制电路板）业务方面，AI手机带来的新一轮换机周期和AI手机单机 FPC用量的提升，将成为行业增长新机遇。AI功能的加入使得软板设计和加工难度大幅提升，高端软板 产能将会更加紧缺，头部企业竞争力将进一步凸显。 ● 本报记者 张兴旺 Choice数据显示，二季度以来，机构密集调研立讯精密、京东方、领益智造、东山精密、欣旺达、蓝思 科技、信维通信、安洁科技等60余家苹果产业链公司。 机构分析称，未来，随着苹果加大在AI领域的投入，以及推出更智能的语音助手，iPhone有望迎来新一 轮换机周期，产业链公司将受益。 机构密集调研 Choice数据显示，二季度以来，立讯精密、水晶光电、天准科技、深南电路、鹏鼎控股、京东方等16家 苹果产业链公司均获得超100家机构调研。 6月10日，2025苹果全球开发者大会 ...

央企发展规划管理办法发布，强化突出产业导向 20250611 摘要 国资委发布新版《中央企业发展规划管理办法》，强调产业布局优化和 结构调整，反映央企从"大而专"向专业化演进的趋势，并与央企战略 使命评价体系相辅相成。 新办法明确了国资央企的三级规划体系，强调产业导向，推动国有资本 集中于关键领域和战略性新兴产业，并引入刚性约束，确保发展规划的 强制执行。 2025 年国资委关注央企产业端，重点实施 AI 加专项行动、产业焕新行 动和战新产业布局，旨在通过科技创新推动传统产业数字化转型，并扩 大战新产业投资规模。 战略使命评价体系引入 E55 指标，更全面地考核企业在技术突破和链主 地位上的责任，并针对半导体、新能源汽车等重点领域进行细致考核。 央企在医药、半导体、新能源等先进科技行业积极布局，需制定详细的 技术开发计划和产业转化方案，并关注人工智能、量子信息等新兴方向 的协同发展。 Q&A 近期央企市场表现如何？有哪些值得关注的变化？ 从上周来看，尽管只有 4 个交易日，但市场整体表现较为平稳，小微盘股延续 了前期强势表现。央企板块涨幅超过主要市场板块指数，中小市值央企表现优 于龙头企业。值得注意的是，国资 ...

| 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2025-048 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2025-048 | 京东方科技集团股份有限公司 2025 年面向专业投资者公开发行科技创新公司债券 （第一期）票面利率公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 京东方科技集团股份有限公司（以下简称"发行人"）发行不超过 人民币 100 亿元公司债券已获得中国证券监督管理委员会（证监许可 〔2024〕1330 号文）批复。京东方科技集团股份有限公司 2025 年面 向专业投资者公开发行科技创新公司债券（第一期）（以下简称"本 期债券"）发行规模为不超过 20 亿元（含 20 亿元）。 2025 年 6 月 11 日，发行人和主承销商在网下向专业机构投资者 进行了票面利率询价，利率询价区间为 1.50%-2.50%。根据网下向专 业机构投资者询价结果，经簿记建档，最终确定本期债券票面利率为 1.94%。 （本页无正文，为《京东方科技集团 ...

Core Viewpoint - The article highlights the recent completion and production launch of Zhejiang Dongfang Kema Electronic Co., Ltd.'s new base in Vietnam, emphasizing its significance in the electronic paper display industry [1]. Group 1: Company Overview - Dongfang Kema focuses on the design, research and development, production, and sales of electronic paper devices and modules, operating four manufacturing bases, including two in Jiaxing, Zhejiang, one in Dalian, Liaoning, and one in Vietnam [4]. - The company submitted an IPO application to the Shanghai Stock Exchange in June 2023, aiming to raise 600 million yuan for capacity expansion, but withdrew the application in May 2024 [4]. Group 2: Production Capacity and Financial Performance - The new Vietnam facility covers an area of 13,237 square meters, employs 400 staff, and is expected to achieve an annual production capacity of 20 million electronic paper displays, generating an estimated annual output value of approximately 20 tons [2]. - Dongfang Kema's revenue from 2020 to the first half of 2023 showed a growth trend, with figures of 477.24 million yuan, 863.52 million yuan, 1.21 billion yuan, and 628.72 million yuan respectively, while net profits for the same period were 68.69 million yuan, 89.11 million yuan, 91.88 million yuan, and 43.13 million yuan [4]. Group 3: Industry Context - Another player in the electronic paper sector, BOE Technology Group, also commenced mass production of its electronic paper project in Vietnam, with a total investment of 2.02 billion yuan, capable of producing over 50 million electronic paper terminals annually [5][6].

因簿记建档日部分投资者履行程序的原因，经发行人、簿记管理 人及其他簿记参与方协商一致，现将簿记建档结束时间由 2025 年 6 月 11 日 18 点延长至 2025 年 6 月 11 日 19 点。 特此公告。 | 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2025-047 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2025-047 | 关于延长京东方科技集团股份有限公司 2025 年面向专业投资者公开发行科技创新公司债券 （第一期）簿记建档时间的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 京东方科技集团股份有限公司（以下简称"发行人"）公开发行不 超过人民币 100 亿元公司债券已获得中国证券监督管理委员会（证监 许可〔2024〕1330 号文）批复。 根据《京东方科技集团股份有限公司 2025 年面向专业投资者公 开发行科技创新公司债券（第一期）发行公告》，发行人和簿记管理 人定于 2025 年 6 月 11 日 15 点到 18 点 ...

基金参与调研的公司中，按所属板块统计，深市主板公司有7家，创业板公司有11家，沪市主板公司有2 家，科创板公司有2家。所属行业来看，基金调研的公司共涉及11个行业，所属电子行业最多，有6家公 司上榜；医药生物、国防军工等紧随其后，分别有3家、3家公司上榜。 从基金调研公司的A股总市值统计，总市值在500亿元以上的共有2家，其中总市值超千亿元的有京东方 A等，总市值不足100亿元的有14家，分别是联环药业、迈普医学、佰奥智能等。 市场表现上，基金调研股中，近5日上涨的有15只，涨幅居前的有西测测试、楚天龙、博实结等，涨幅 为33.13%、22.89%、13.56%；下跌的有7只，跌幅居前的有迈普医学、古麒绒材、孩子王等，跌幅为 11.40%、10.37%、8.51%。 昨日基金共对22家公司进行调研，扎堆调研孩子王、东方电热、扬杰科技等。 证券时报·数据宝统计，6月10日共36家公司被机构调研，按调研机构类型看，基金参与22家公司的调研 活动，其中，5家以上基金扎堆调研公司共5家。孩子王最受关注，参与调研的基金达35家；东方电热、 扬杰科技等分别获17家、15家基金集体调研。 6月10日基金调研公司一览 | 代 ...

Core Points - The launch of the "Rong-Shenzhen-Hong Kong scheduled freight train" has significantly reduced the transportation time for goods from Chengdu and Sichuan to Shenzhen Yantian Port from 6 days to 2 days, and to Hong Kong Kwai Chung Port in 3 days [1] - An international logistics supply chain service demand matching meeting was held in Chengdu, where over 20 representatives from key manufacturing foreign trade enterprises discussed their needs and potential collaborations with logistics service providers [1][2] - The Chengdu International Railway Port Investment Development Co., Ltd. has optimized the China-Europe South Corridor freight train products, providing more options for goods destined for Europe [1] - There are plans to enhance cooperation with coastal ports to offer more logistics products for foreign trade enterprises with export demands to Southeast Asian countries, including Indonesia [1] Industry Insights - The logistics service supply side and industry demand side engaged in direct dialogue through a format of "product presentation + demand articulation + resource matching," indicating a proactive approach to support international market expansion for more enterprises [2] - The event is seen as a starting point for building a mechanism for further matching logistics services with industry needs, aiming to broaden the "Rong products going abroad" pathway [2]

Group 1 - The China Securities Index Strategic Emerging Industries Index (CSI Strategic Emerging, 932266) experienced a decline of 1.31%, closing at 1373.82 points with a trading volume of 18.306 billion [1] - Over the past month, the CSI Strategic Emerging Industries Index has increased by 2.28%, but it has decreased by 5.17% over the last three months and is down 0.40% year-to-date [1] - The index is customized by China Chengtong Holdings Group and includes 50 state-owned enterprises with significant growth potential from the strategic emerging industries [1] Group 2 - The top ten holdings of the CSI Strategic Emerging Industries Index are: Northern Huachuang (10.89%), BOE Technology Group (9.45%), China Aluminum (8.97%), Shengyi Technology (5.46%), Goldwind Technology (4.23%), China Power (4.0%), Shenghe Resources (3.04%), Jingfang Technology (2.83%), Jinghe Integration (2.73%), and Aerospace Rainbow (2.57%) [1] - The market share of the index holdings is distributed as follows: Shenzhen Stock Exchange 50.94%, Shanghai Stock Exchange 48.28%, and Beijing Stock Exchange 0.78% [1] Group 3 - The industry composition of the index holdings is as follows: Information Technology 45.31%, Industrials 29.35%, Materials 16.90%, Communication Services 4.22%, Utilities 2.04%, Consumer Staples 1.75%, and Health Care 0.43% [2] - The index samples are adjusted biannually, with adjustments implemented on the next trading day following the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

Core Viewpoint - China Lianhe Credit Rating Co., Ltd. has assigned a long-term credit rating of AAA with a stable outlook to BOE Technology Group Co., Ltd., reflecting the company's strong competitive advantages in the semiconductor display industry and its solid financial position [1][3]. Company Overview - BOE Technology Group Co., Ltd. was established in April 1993 and has evolved from the Beijing Electronic Tube Factory. The company is primarily engaged in the production of display devices, IoT innovations, sensors, MLED, and smart medical engineering [3][10]. - As of the end of 2023, the company had total assets of 4,191.87 billion yuan and equity of 1,977.99 billion yuan, with a revenue of 1,745.43 billion yuan and a profit of 18.33 billion yuan [3][10]. Industry Analysis - The semiconductor display industry is characterized by high concentration, with the top five companies holding approximately 80% of the global market share. The industry is closely tied to the performance of downstream consumer electronics, which has shown cyclical fluctuations [8][9]. - Despite challenges, the industry is expected to benefit from ongoing economic structural transformations and technological innovations, particularly in OLED, Mini LED, and Micro LED technologies [8][9]. Financial Performance - The company's revenue decreased from 2,210.36 billion yuan in 2021 to 1,745.43 billion yuan in 2023, with a profit total of 18.33 billion yuan in 2023, indicating a recovery from previous losses [6][20]. - The company maintained a strong cash flow position, with net cash inflows from operating activities of 626.99 billion yuan, 430.22 billion yuan, and 383.02 billion yuan from 2021 to 2023 [5][20]. Competitive Advantages - BOE has a significant scale advantage and a solid industry position, leading in global shipments of LCDs and various applications, including smartphones and TVs. The company also ranks first in the global market for IoT innovation products [4][10]. - The company invests heavily in R&D, with expenditures of 124.43 billion yuan, 126.02 billion yuan, and 125.63 billion yuan from 2021 to 2023, representing 5.63%, 7.06%, and 7.20% of total revenue, respectively [4][11]. Future Outlook - The company is expected to enhance its business and product structure with the further release of AMOLED capacity and the development of sensor, MLED, and smart medical engineering businesses [4][6]. - The semiconductor display industry is anticipated to continue evolving with the integration of IoT technologies and the growth of new application markets, supported by government initiatives for technological innovation [9][10].

Group 1 - The core announcement is about the renaming of the bond issuance by BOE Technology Group Co., Ltd. from 2024 to 2025, indicating a change in the bond's title due to the issuance spanning multiple years [1] - The company has received approval from the China Securities Regulatory Commission to publicly issue bonds not exceeding RMB 10 billion [1] - The change in the bond's name does not affect the legal validity of related documents already signed, ensuring continuity in legal obligations [1]